Medical Clinic
For Sale
Contact for pricing
Pending
4900 20th Ave, Valley, AL 36854
Nine single-tenant clinics are leased under absolute NNN structures.
Property Size19,390 SF
Days on Market152
Property Features for 4900 20th Ave
General Information
Standard status
Pending
Size
19,390 SF
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$420,382
Building Details
Year Built
1950
Buildings
9
Tenancy
Single
Listing Agency:
JLL Austin
Listed By:
Kirby Hayes · License #TX 755222
Source:
Crexi
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 9:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Austin
Investment Insights
Based on property information with market context.
This portfolio includes 9 single-tenant medical clinic properties with a combined 19,390 square feet across Arkansas, Alabama, North Carolina, Tennessee, Oklahoma, and Indiana. The properties are fully occupied by Access Medical Clinic and operate under absolute NNN lease structures.
Access Medical Clinic serves more than 495,000 annual visits through 69 clinics and 134 long-term care facilities. The tenant is backed by Charlesbank Capital Partners. The portfolio includes the property at 4900 20th Ave in Valley, Alabama, and represents a geographically distributed group of healthcare facilities.
Access Medical Clinic serves more than 495,000 annual visits through 69 clinics and 134 long-term care facilities. The tenant is backed by Charlesbank Capital Partners. The portfolio includes the property at 4900 20th Ave in Valley, Alabama, and represents a geographically distributed group of healthcare facilities.
Key Highlights
- 9 single‑tenant medical clinic properties
- 19,390 square feet across six states
- 100% occupied by Access Medical Clinic
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$240,431
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,808,620
$4.8M
Cap Rate 7%
$3,434,729
$3.4M
Cap Rate 9%
$2,671,456
$2.7M
Market Conditions
NOI Build-Up for 19,390 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$388.6K $20.04/SF
− Vacancy
−$68.0K −$3.51/SF
EGI
$320.6K $16.53/SF
− OpEx
−$80.1K −$4.13/SF
NOI
$240.4K $12.40/SF
Area
Lee County, AL
Vacancy
17.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,808,620
Cap Rate 7%
$3,434,729
Cap Rate 9%
$2,671,456
Alternative Uses
Best Use
Office B
$3.43M
$3.01M – $4.01M
NOI $240,431 @ 7.0% cap · market cap 4.86%
Second Best
Healthcare Medical
$3.12M
$2.73M – $3.64M
NOI $218,661 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$4.73M
$4.14M – $5.52M
NOI $331,038 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36854, AL
16,399
Population
7,761
Households
2.1
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
271
Density / Sq Mi
$60,385
Median Household Income
$37,589
Median Earnings
$1,021
Median Rent
$146,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Nine single-tenant clinics are leased under absolute NNN structures.
Where is this medical office space located?
The property is located at 4900 20th Ave Valley, AL.
What is the asking price?
The asking price for this property is $4,947,000.
What are key features of this property?
This property features: 9 single‑tenant medical clinic properties; 19,390 square feet across six states; 100% occupied by Access Medical Clinic
